Japanese equities edge higher in ex-dividend trading

Source: Dukascopy Bank SA
Japanese shares inched up in choppy session on Wednesday as buyers of many shares were no longer eligible to get this year's dividends. Tuesday was the deadline for share-buyers to be able to get dividends for this financial year. At the same time, Japan's equities found support on the strong performance of the US stock market. The Nikkei 225 Index rose 0.18% to close at 12,493.79. Five out of ten industries included in the index moved higher. The top-performers were telecommunication and oil and gas industries. Softbank led gains among telecommunications, soaring 7.30%, the second-biggest advance in the Nikkei average. Property developers also closed in the positive territory amid expectations of the state's reflationary policies. Heiwa Real Estate and Daiwa House Industry Co jumped 7.74% and 0.11%. Retailer Aeon Co climbed 6.33% on rumours the firm will increase its stake in Daitei Inc to over 40%. Restricting the upswing, health care and industrials plunged 0.60% and 0.56%.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.